WeVote
Log In

Bill

Bill

S 2824

A bill to amend the Internal Revenue Code of 1986 to extend the temporary enhanced premium credits.

119th Congress Introduced by Lisa Murkowski

Bill S 2824 extends enhanced premium tax credits for health insurance until January 1, 2028, helping individuals and families afford coverage amid rising healthcare costs.

Introduced in Senate
0
WeVote Research Nonpartisan
Bill Summary · S 2824

Summary of Bill S 2824

Bill Number: S 2824
Title: A bill to amend the Internal Revenue Code of 1986 to extend the temporary enhanced premium credits.
Status: Introduced in Senate
Introduced Date: September 16, 2025
Classification: Bill
Primary Sponsor: Lisa Murkowski

Purpose and Intent

Bill S 2824 aims to extend the temporary enhanced premium tax credits established under the Internal Revenue Code of 1986. These credits are designed to make health insurance more affordable for individuals and families purchasing coverage through the Health Insurance Marketplace. The extension is intended to provide continued financial relief to those who may struggle with healthcare costs, particularly in the wake of economic challenges.

Key Provisions

The bill proposes the following amendments to the Internal Revenue Code:

  1. Extension of Premium Credits:

    • The expiration date for the enhanced premium credits is extended from January 1, 2026, to January 1, 2028.
    • The heading related to these credits is updated from 2025 to 2027.

  2. Applicability:

    • The amendments will apply to taxable years beginning after December 31, 2025.

These changes are designed to ensure that individuals and families continue to receive support in affording health insurance premiums for an additional two years.

Who Would Be Affected

The primary beneficiaries of this bill are:

  • Individuals and Families: Those who purchase health insurance through the Health Insurance Marketplace and currently benefit from the enhanced premium tax credits.
  • Healthcare Providers: Providers may see an increase in insured patients, potentially leading to improved healthcare access and outcomes.

Procedural Aspects

  • The bill was introduced in the Senate on September 16, 2025.
  • It has been read twice and referred to the Committee on Finance for further consideration.

Related Legislation

  • S 3102: This bill serves as a companion to S 2824, indicating that similar measures may be considered in parallel legislative efforts.

Conclusion

Bill S 2824 represents a significant step towards maintaining affordability in health insurance for many Americans. By extending the enhanced premium credits, the legislation seeks to alleviate financial burdens associated with healthcare, thereby promoting better access to necessary medical services. The bill is currently under review by the Senate Committee on Finance, and its progress will be closely monitored as it moves through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.